In this episode we explore how you can learn from dating mistakes to make better financial choices, the most expensive words in investing (and how you can avoid them), why highly qualified experts are wrong more than 94% of the time, the importance of focusing on process vs outcome and much more with Dr. Daniel Crosby.
Dr. Crosby is a psychologist and behavioral finance expert as well the author of New York Times Best-Seller "Personal Benchmark: Integrating Behavioral Finance and Investment Management” as well as “Laws of Wealth: Psychology and the secret to investing success.” He was named named one of the “12 Thinkers to Watch” by Monster.com, a “Financial Blogger You Should Be Reading” by AARP and listed on the Top 40 Under 40 by Investment News.com.
We discuss:How Daniel works to integrate the messiness of human psychology into fields like economics and financeHow your emotional state colors your perception of riskHow you can learn from dating mistakes to make better financial choicesThe most expensive words in investing (and how you can avoid them) The insane “tulip” craze and what it says about financial marketsWhy in our efforts to manage risk we often create the outcomes we are trying to avoidHow you control what matters most (often without realizing it)The importance of focusing on process vs outcomeWhy “you are not special” and how that advice can save you a lot of money! Why experts are wrong 94% of the timeWhy really successful people automate their day and free up their cognitive power for more important tasksHow to be aware of the biases impacting our thinking and get a second opinionThe importance of being “not stupid” instead of being smartExistential boundary experiences and how they can transform youHow to break out of the glorified business of our daily lives and embrace the inevitability of our own mortality2 simple and actionable steps you can take right now to improve your personal finance and investment knowledgeAnd much more!
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Trading Your House For A Tulip, Your Love Life, And What It All Has To Do With Making Better Financial Decisions with Dr. Daniel Crosby | The Science of Success podcast - Listen or read transcript on Metacast
